Page 5 - Legislative Changes News Today

To embed, copy and paste the code into your website or blog: Eighth Blog Post in an Extended Series on Legislative Changes to the BSA/AML Regulatory Regime As we have blogged, the Anti-Money Laundering Act of 2020 (“AMLA”) contains major changes to the Bank Secrecy Act (“BSA”), coupled with other changes relating to money laundering, anti-money laundering (“AML”), counter-terrorism financing (“CTF”) and protecting the U.S. financial system against illicit foreign actors.   In...

Sixth Post in an Extended Series on Legislative Changes to BSA/AML Regulatory Regime As we have blogged, the Anti-Money Laundering Act of 2020 (“AMLA”) contains major changes to the Bank Secrecy Act (“BSA”), coupled with other changes relating to money laundering, anti-money laundering (“AML”), counter-terrorism financing (“CTF”), and protecting the U.S. financial system against illicit foreign actors. A recurring theme of the changes offered by AMLA is information sharing. AM...

In addition to these changes, Congress also has used the AMLA as a tool to gather information on complex issues involving money laundering risks and BSA/AML compliance by requiring many studies and reports.  In this post, we focus on two important issues for which Congress has required reports from the Government Accountability Office (“GAO”):  human trafficking and de-risking. The willingness to address these problems through the AMLA shows that Congress is aware of the nexus between mo...

Delek US Holdings Reports Fourth Quarter 2020 Results -- Underlying cost improvements and capital reductions across the portfolio position the company well for 2021 -- COVID-19 vaccination uptake provides an increasing demand backdrop going forward -- Robust outlook for the retail segment with line of sight for strong growth potential -- "Capital light" approach to renewable diesel with $13 million option to acquire a one-third economic interest in GCE Holdings Acquisitions -- Expecting another...